Key Points
The Delhi High Court has stayed the income tax reassessment proceedings against NGO Oxfam India..
The court issued a notice to the Income Tax (I-T) Department and sought its response to a petition filed by the NGO, challenging the notices and order issued against it...
According to records, a survey was conducted on the NGO on September 7, 2022 which led to the initiation of the reassessment proceedings for the year 2016-17 and a notice was issued to Oxfam on March 29 this year...
A notice was issued to the NGO on March 29 under the provisions of the IT Act which triggered the reassessment proceedings against the petitioner on the grounds that the petitioner was allegedly engaged in litigation activities that were violative of Section 8(1) of the Foreign Contribution (Regulation) Act (FCRA)...
The counsel for the I-T Department submitted that the petitioner NGO's FCRA licence has run into rough weather and that the petitioner is fighting for its right in this court before another bench...
You might be interested in
Richie rich facing tax cases may be spared court visit
16, Oct, 23The Calcutta High Court has ruled that individuals facing prosecution by the Income Tax department under the Black Money law will not be required to personally appear in court. Instead, they will need to give an undertaking not to leave the country without permission from the trial court. This ruling is expected to have a positive impact on ongoing prosecution cases related to TDS defaults under the Income Tax Act.
‘Unaccounted transactions, concrete evidence’ — HC dismisses Congress challenge to IT reassessment
23, Mar, 24Congress had filed 3 writ petitions challenging Income Tax dept claim that material on record is sufficient to show ‘escaped’ income of party is upwards of Rs 520 crore.